MIB Life Index Reports North American business of life insur

Thursday, Mar 12,2009, 2:00:32 PM Click:

Braintree, MA. - (March 10, 2009) - North American application activity of life insurance purchased independently increased by 1.1% in February, compared to last year, according to the MIB Life Index?. Application of activity from January to February 2009 was 12.9%. Year-to-date (YTD), in North America is off -1.7% compared to the same two months last year. February percent change in the life of the Index May be due to the index methodology rather than a change in industry trends underlying *.

U.S. application activity was up 1.0% in February compared to last year, all ages. Application volume for persons ages 45-59 years and 60 + increased by 3.9% and 14.9% respectively, over the years while the age of 0-44 were 2.9% in February. Application Activity -1.6% off all ages year-to-day. Canadian demand increased by 1.6% in February year to all ages. By age group, Canada requests that reflect the activity in the United States demand volumes for persons ages 45-59 years and 60 + increased by 6.2% and 12.5% respectively, compared the year, while ages 0-44 were off -2.0% in February. Activity in February was up 29.2% compared to before January, showing growth of 19-20% of the characteristic of this period. Year-to-date, the application is -2.3% off all ages.

NOTES: * Life Index method calculates the gain or net loss on prior years using the average daily volumes: Service Control MIB volume for life insurance by country divided by the number of working days in this country [as determined the day of the operation to New York and Toronto Stock Exchanges]. Less or more working days in a comparative account of variations in May at times be striking. The volatility of the Canadian operations is greater than that observed in the U.S. because of declining volume. February The MIB Life Index, a less than 1 day in February 2009 in February 2008 by the United States and Canada. The period from February 2009 until January versus a less than 2 days in Canada and less than 1 in the USA About the MIB Life Index.

The MIB Life Index is the life insurance industry timeliest measure of application activity across the United States and Canada. Released to the press each month, the index is based on the number of searches life member of underwriters perform on the database MIB Checking Service. Given that the vast majority of individual life premium dollars in North America include an MIB search as an obligation to purchase routine, the MIB Life Index provides a reasonable way to evaluate new activities. For the latest releases and subscriptions visit www.mib.com / lifeindex.

About MIB Group, Inc.

MIB Group, Inc. is the leading provider of Internet-based information and knowledge services to the risk management market in North America and is a leading facilitator of electronic commerce in insurance. MIB Group, Inc. companies include MIB, Inc. and MIB Solutions, Inc. (www.mib.com).

Contact:

David O. Aronson
MIB Group, Inc. 781-751-6330
daronson@mib.com